Why UPS Stock Is Falling Today
sounded the alarm, and investors in its archrival are taking notice.
Shares of United Parcel Service (NYSE: UPS) traded down 3% as of 2 p.m. ET after FedEx missed quarterly expectations and lowered its full-year forecast.
Transportation companies have been stuck in traffic for the last few years. A surge in shipments after the height of the pandemic gave way to a slowdown as the economy cooled and interest rates spiked higher, leading to soft pricing.
Source Fool.com
Fedex Corp. Stock
€250.10
-0.100%
The stock is one of the favorites of our community with 61 Buy predictions and 2 Sell predictions.
With a target price of 260 € there is a slightly positive potential of 3.96% for Fedex Corp. compared to the current price of 250.1 €.
